513 Stokes Dr - Drug Store FOR SALE


Hinton, WV 25951
$1,626,000 USD
540-671-5721
513 Stokes Dr, Hinton, WV for Sale
$1,626,000 USD
Drug Store - FOR SALE
1/4
null | 6.5% Cap Rate

513 Stokes Dr
Hinton, WV 25951


HIGHLIGHTS

  • Easily accessible location.

OVERVIEW

• Fortune 30 Tenant Leased to Walgreens Boots Alliance (NASDAQ: WBA) – a publicly traded healthcare and retail leader with $147.7B in revenue and over 8,475 locations nationwide. • Absolute Net Lease – Zero Landlord Obligations Tenant is responsible for roof, structure, and all operating expenses, offering true passive ownership. • Strong Cash Flow with Long-Term Upside Priced at $1,626,000 with a 6.50% CAP Rate and annual rent of $105,690. Six (6) renewal options include 9.6% rent increases in each term, driving future yield expansion. • Sales Reporting & Percentage Rent Structure Lease includes sales reporting every 3 years and percentage rent components for additional upside. • Large Footprint on Hard Corner Site ±13,000 SF building on 1.17 acres with 47 surface parking spaces – highly functional layout for pharmacy or alternative retail use in future. • Established Community Asset Longstanding operation in Hinton, WV, fulfilling essential services in an underserved rural trade area. • Fee Simple Ownership Investor controls land and improvements outright – no ground lease or association restrictions. • Rent Escalations Drive CAP Rate Growth Projected CAP rate increases to 11.52% in final option, significantly enhancing long-term returns.

FOR SALE DETAILS

PRICE

$1,626,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,782 SF

ZONING

C

APN/PARCEL ID

04-8-00060004

ASK ABOUT THIS PROPERTY

540-671-5721

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540-671-5721

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